Purchases Archives | Digital Money Times

New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

September 30, 2018 By Mark Lyford Leave a Comment

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market.

Also read: Payments Platform Wirex Launches Iban For Spanish and French Users, Doubles Account Limits

Payments Go Crypto With ‘a First for Africa’, in Nigeria, by Pundix

A Nigerian importer and distributor of agriculture products has installed a point of sale payment system that is underpinned by cryptocurrency such as bitcoin (BTC), in what the owners claim ‘is a first for Africa.’ Read more...

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Andreessen Horowitz Purchases 6% of the MakerDAO (MKR) Supply

September 24, 2018 By Mark Lyford Leave a Comment

Venture capital giant Andreessen Horowitz has made its next major cryptocurrency investment, investing $ 15 million in MakerDAO (MKR), the creator of stablecoin Dai (DAI). OFFICIAL: @a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAOhttps://t.co/5gQ67HSevW #Dai $ Dai #MKR $ MKR — Maker (@MakerDAO) September 24, 2018 According to an announcement by MakerDAO, 6% of the total supply of MKR […]
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Abra Supports SEPA Bank Transfers, Enabling Crypto Purchases With Fiat

September 6, 2018 By Mark Lyford Leave a Comment

Abra, the all-in-one digital wallet and cryptocurrency exchange, has announced its support for Single Euro Payment Area (SEPA) bank accounts. European users can now enable direct wire transfers from European banks to purchase any of Abra’s 28 available cryptocurrencies.

Founded in 2014, Abra is working toward providing users with maximum privacy and control. The application is non-custodial, and the wallet’s private keys are never held by anyone other than the actual user. Abra employs no middlemen, ensuring customer funds are never touched, managed or viewed by outside parties. Past and present investors in Abra include American Express Ventures, First Round Capital, Arbor Ventures and RRE Ventures. Read more...

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Bittrex Purchases Stake In Malta Blockchain Startup

September 6, 2018 By Mark Lyford Leave a Comment

Bittrex, which is one of the world’s leading cryptocurrency exchanges, has recently bought a 10% stake in the Malta-based blockchain company Palladium, according to recent media reports. Bittrex, founded in 2014, provides digital wallets, real-time trade execution and other security practices.

Palladium was launched to much fanfare back in July this year, with Joseph Muscat – the Prime Minister of Malta – making a speech at the launch event. Mr Muscat claimed that the recent development was the next in a step to turn Malta into the “blockchain island”.

Continue reading Bittrex Purchases Stake In Malta Blockchain Startup at Crypto Daily™. Read more...

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E-Commerce Giant Rakuten Purchases Bitcoin Exchange Firm for $2.4 Million

September 3, 2018 By Mark Lyford Leave a Comment

E-commerce giant Rakuten recently announced plans to enter the cryptocurrency industry through the acquisition of a local Bitcoin exchange. The Japanese company has entered into a share transfer agreement for a 100% stake in the Tokyo-based exchange company, Everybody’s Bitcoin. The acquisition, which cost the firm 265 million yen, or $ 2.4 million, is set to finalize October […]
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Abra Announces New Credit Card Payment Options for Bitcoin Purchases

July 13, 2018 By Mark Lyford Leave a Comment

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.

Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable. Read more...

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Wells Fargo Halts Credit Card Cryptocurrency Purchases

June 12, 2018 By Mark Lyford Leave a Comment

Wells Fargo & Company, a San Francisco-based financial services giant, announced recently that it will no longer allow cryptocurrency purchases using its bank-issued credit cards.

Joining the Ranks

U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases.

With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, and Citigroup.

The main concern, as expressed by a Wells Fargo spokesperson, lies within the high volatility of the cryptocurrency market: Read more...

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[Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be?

April 4, 2018 By Mark Lyford Leave a Comment

By Harsh Agrawal Recently the cryptocurrency world received a jolt of sorts, when several major banks decided to ban the purchases of virtual currency using Credit Cards. Bank of America, Citigroup, Lloyds Banking Group, Virgin Money, JPMorgan have all halted cryptocurrency purchases made on Credit….

The post [Guest Post] With Banks Banning Cryptocurrency Purchases on Credit Card, What Should Your Next Step Be? appeared first on CoinReport.

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Reddit Drops Bitcoin Support for “Gold” Purchases

March 26, 2018 By Mark Lyford Leave a Comment

The year 2018 has not been all that positive for Bitcoin just yet. With the Bitcoin price in a slow and steady decline, it is evident something will need to change. Moreover, early adopters of Bitcoin as a payment option are rethinking their decision. Reddit is the latest company to remove BTC as a payment method altogether. Read more...

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50% Bonus on USAT Token Purchases Until 31st March, 2018; USAT Inc. Uses Blockchain to Help Inventors Patent, Protect, and Develop Their IP

March 26, 2018 By Mark Lyford Leave a Comment

Celebrating the final weeks of its Pre-ICO, USAT Inc. is offering a very short-period promotion of 50% bonus on USAT token purchases before midnight 31st March 2018. Visit https://usat.io to take advantage of this great offer!

The Australia-based USAT Inc. allows inventors to patent their ideas for a small fee in USAT Tokens and then store their idea on a private blockchain, protecting the creator from IP theft. Then, if the IP holder wants to develop their idea through the USAT Inc. platform, the IP must pass rigorous scientific and commercial evaluations. USAT Inc. can offer new levels of IP Protection through this system. The projects are very carefully selected to address specific humanitarian and ecological problems, to help raise living standards. Read more...

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TD Bank The Latest to Halt Cryptocurrency Purchases Using Credit Cards

February 24, 2018 By Mark Lyford Leave a Comment

Toronto-Dominion (TD) Bank is the latest financial institution to ban customers from using their credit cards to purchase cryptocurrency. As more retail investors continue to be onboarded, banks are looking to protect them from making ignorant decisions.

Weighing Risk, Regulation, and Rapidity

In a recent move that has become common from banks, TD Bank is effectively halting the use of credit cards to purchase cryptocurrency. Originally still permitting purchases even after the first move from banks began, TD Bank has now fallen in line with a growing policy change. Read more...

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Bread Launches Instant Bitcoin Purchases via Credit Card

February 7, 2018 By Mark Lyford Leave a Comment

Those looking to buy the dip and take advantage of what is essentially a 60%-off Bitcoin sale can now conveniently purchase the dominant cryptocurrency with credit cards via Bread.

The Best Thing Since Sliced Bread

Bread, a clean and user-friendly Bitcoin wallet available on both iOS and Android, announced this week:

Starting this week, Bread customers around the world will have the ability to use a credit card to purchase bitcoin and have it deposited directly into their Bread. This new feature builds on a partner integration with Simplex to allow high limits and near-instant delivery for most users. Read more...

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Big Banks Ban Bitcoin Buys – JPMorgan, Bank of America, Citigroup Say No to Crypto Credit Purchases

February 4, 2018 By Mark Lyford Leave a Comment

JPMorgan, Bank of America, and Citigroup are all putting a stop to Bitcoin purchases made using their cards, citing high risk due to extreme price volatility.

Credit Card Declined

With Bitcoin suffering one of its worst weeks since 2013, major US banks are putting a stop to Bitcoin and other cryptocurrency purchases made using their credit cards. According to reports, JP Morgan Chase, Bank of America, and Citigroup are all banning cryptocurrency purchases using their credit cards, leaving some investors eager to “buy the dip” out in the cold.